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| Topic |
Details |
| Topic 1 |
- Understand the key processes that can be applied to the analysis of potential external suppliers:
|
| Topic 2 |
- Understand options for sourcing requirements from suppliers: This section covers the sourcing process, approaches, options, and award criteria for obtaining requirements from suppliers. The sub-topics provide a foundation for strategic sourcing.
|
| Topic 3 |
- Understand compliance issues when sourcing from suppliers: It explores legislative, regulatory, and organizational requirements for sourcing. It compares the use of audit and other mechanism of feedback.
|
| Topic 4 |
- This section examines analyzing market data, obtaining quotations
- tenders, and assessing responses. The sub-topics focus on key processes for evaluating potential suppliers.
|
CIPS Ethical and Responsible Sourcing Sample Questions (Q114-Q119):
NEW QUESTION # 114
In a negotiation, a supplier does not want to upset or offend the buyer, so concedes their own requirement in order to ensure harmony. Which negotiation tactic is the supplier using?
- A. competitive
- B. collaborative
- C. compromising
- D. accommodating
Answer: D
Explanation:
This is accommodating: the supplier puts the buyer's interest above his own.
This is from the Thomas Killman model of conflict resolution. There are 5 strategies; competitive, collaborative, avoiding, accommodating and compromising. In the study guide it doesn't mention the name of the model but you do need to know the 5 strategies. The model comes up a lot in other modules so is a good one to learn. Particularly L5M1 which is about management theory.
NEW QUESTION # 115
Zeb is a Procurement Manager at Zig Zag Zips manufacturing. The organisation has a complex supply chain and works with 46 different suppliers, many of these international. Which of the follow-ing would be the most useful for Zeb to address issues of Modern Slavery?
- A. ensure all 46 suppliers publish an Anti Slavery Statement in line with the Modern Slavery Act
- B. ask all suppliers to get Fair Trade accredited
- C. carry out regular due diligence checks on the supply base
- D. work with less suppliers to reduce the risk of slavery entering the supply chain
Answer: C
Explanation:
Carry out due diligence is the correct answer. The other answers are incorrect:
- ensure all 46 suppliers publish an Anti Slavery Statement in line with the Modern Slavery Act is wrong because thequestionstates that some suppliers are international. The legislation is UK, meaning international suppliers don't have to do the statement. It also only applies to companies with a turnover of £36m, and some of Zeb's suppliers may be smaller than this.
- work with less suppliers to reduce the risk of slavery entering the supply chain is a silly answer be-cause Zeb probably needs all of his suppliers. There's probably a reason he uses that many.
- ask all suppliers to get Fair Trade accredited is also a silly answer. Fair Trade only exists in some industries such as cocoa and bananas. Zig Zag Zips is in manufacturing so it's probably not going to be able to fairtrade accredit some of the stuff it buys.
NEW QUESTION # 116
A Bill of Exchange is an important document used when importing goods into a country from abroad. What is the purpose of this document?
- A. specifies the country of origin of the goods
- B. explains which tariffs apply to the goods
- C. details payment instructions
- D. details who is responsible for the insurance of the goods during transit
Answer: C
Explanation:
A Bill of Exchange is a payment instruction - it says who will pay whom and when.
Bill of Exchange Definition: Examples and How It Works (investopedia.com)
NEW QUESTION # 117
Which of the following is true for CIPS members who sign and comply with the CIPS Code of Conduct?
Members can ...
* gain an understanding of ethical and successful business operations
* acquire automatic entitlement to government sponsorship
* enjoy continued CIPS membership and access to resources
* bypass the need to comply with other voluntary or legal codes
- A. 1 and 2
- B. 2 and 3
- C. 1 and 4
- D. 1 and 3
Answer: D
Explanation:
CIPS members who adhere to the CIPS Code of Conduct gain insight into ethical business practices and retain their membership and access to CIPS resources. This commitment to ethical standards supports responsible sourcing by fostering a community of professionals who value integrity and best practices.
NEW QUESTION # 118
Why is it important, when awarding high-value contracts, for a buyer to conduct a financial assessment of a supplier?
- A. The buyer must ensure continuity of supply because financial problems of a supplier could affect the supply
- B. If a supplier has a high credit score, this means it pays its own suppliers late, which could result in stock outs
- C. A supplier who is highly profitable will be charging prices higher than the average market rate
- D. Financial assessments provide a holistic view of a company's capability, including quality and delivery performance
Answer: A
Explanation:
Financial assessments help ensure a supplier can meet the demands of a high-value contract without disruptions. This aligns with responsible sourcing principles by promoting stable supplier relationships and reducing the risk of supply chain interruptions due to financial instability.
NEW QUESTION # 119
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